Running Oak Capital LLC Purchases 5,169 Shares of Primerica, Inc. (NYSE:PRI)

Running Oak Capital LLC increased its holdings in shares of Primerica, Inc. (NYSE:PRI - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,340 shares of the financial services provider's stock after acquiring an additional 5,169 shares during the period. Primerica comprises approximately 1.8% of Running Oak Capital LLC's holdings, making the stock its 24th largest holding. Running Oak Capital LLC owned approximately 0.13% of Primerica worth $9,123,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PRI. Commonwealth Equity Services LLC boosted its position in Primerica by 3.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,367 shares of the financial services provider's stock valued at $459,000 after buying an additional 75 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Primerica by 6.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 2,271 shares of the financial services provider's stock valued at $441,000 after buying an additional 143 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Primerica by 378.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 50,445 shares of the financial services provider's stock valued at $9,787,000 after buying an additional 39,905 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Primerica by 1.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,744 shares of the financial services provider's stock valued at $726,000 after buying an additional 59 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new position in Primerica in the 3rd quarter valued at $25,000. 90.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Nicholas Adam Jendusa sold 234 shares of the firm's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $249.81, for a total transaction of $58,455.54. Following the sale, the insider now owns 100 shares of the company's stock, valued at approximately $24,981. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Primerica news, insider Nicholas Adam Jendusa sold 234 shares of Primerica stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $249.81, for a total value of $58,455.54. Following the sale, the insider now owns 100 shares of the company's stock, valued at approximately $24,981. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Peter W. Schneider sold 1,500 shares of Primerica stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $243.41, for a total value of $365,115.00. Following the completion of the sale, the president now directly owns 13,259 shares in the company, valued at approximately $3,227,373.19. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,708 shares of company stock valued at $1,648,677. 0.85% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on PRI shares. StockNews.com upgraded Primerica from a "hold" rating to a "buy" rating in a research report on Thursday, March 7th. Raymond James downgraded Primerica from a "strong-buy" rating to a "market perform" rating in a research note on Monday, February 12th. Truist Financial increased their price target on Primerica from $260.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. Morgan Stanley increased their price target on Primerica from $245.00 to $250.00 and gave the company an "equal weight" rating in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods increased their price target on Primerica from $255.00 to $260.00 and gave the company a "market perform" rating in a research note on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Primerica has a consensus rating of "Hold" and a consensus price target of $245.50.

Primerica Stock Up 1.8 %

Primerica stock traded up $3.94 during mid-day trading on Thursday, hitting $219.45. 159,349 shares of the company's stock were exchanged, compared to its average volume of 161,970. The firm has a market capitalization of $7.61 billion, a P/E ratio of 13.82 and a beta of 1.10. Primerica, Inc. has a fifty-two week low of $173.00 and a fifty-two week high of $256.56. The company's 50 day simple moving average is $238.23 and its 200-day simple moving average is $222.97.

Primerica (NYSE:PRI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $4.25 EPS for the quarter, missing the consensus estimate of $4.27 by ($0.02). The business had revenue of $726.34 million for the quarter, compared to analyst estimates of $723.64 million. Primerica had a return on equity of 27.83% and a net margin of 20.37%. The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.49 EPS. Research analysts expect that Primerica, Inc. will post 17.78 EPS for the current year.

Primerica Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 21st were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.37%. The ex-dividend date was Tuesday, February 20th. This is an increase from Primerica's previous quarterly dividend of $0.65. Primerica's dividend payout ratio (DPR) is presently 18.89%.

About Primerica

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.